GTE FCU this week reopened its St. Charles Parish branch in Boutte, La., just southwest of New Orleans. It is in the process of opening its branch inside City Hall, but is unsure when it will open two other branches in New Orleans that were hard hit by Hurricane Katrina. Before the storm, 27 GTE FCU employees worked in the Louisiana branches. Ten of those employees have since relocated temporarily or permanently to GTE FCU headquarters in Tampa, or to other Florida locations.
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The Department of Justice has filed a motion opposing the Consumer Financial Protection Bureau employee union's appeal of an August DC Circuit ruling allowing the administration to fire up to 90% of the agency's workforce.
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Some customers reportedly complained about getting locked out of their accounts after signing up for the bank's new Strata Elite credit card. "We feel like we have done the right thing for all of our good customers," Pam Habner, Citi's head of U.S. branded cards, said Tuesday.
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The president of the planned Georgia Skyline Bank says he's cautiously optimistic that his group can raise $35 million of startup capital in time for an opening early next year.
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The Trump administration has ordered banking agencies to root out and identify instances of politically-motivated debanking while at the same time raising pressure on banks to scrutinize or potentially sever their ties with liberal nonprofit clients. That dynamic creates a compliance puzzle with no obvious answers, experts say.
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Speakers at the Most Powerful Women in Banking conference Tuesday shared several scenarios in which banks will benefit from dollar-pegged cryptocurrency.
October 21 -
The McClean, Virginia-based bank said Tuesday that credit quality remained strong in the third quarter, and that it has approved a plan to buy back $16 billion of common stock. It's temporarily tapping the brakes on loan growth as it digests the Discover acquisition.
October 21





